Cypress Development Corp. is a mineral resource exploration company whose principal assets include the ownership and development of several precious and base metal properties. Two are located in Canada and two are located in the United States. The Company is continually searching for high-potential properties to add to its exploration portfolio.
McKenzie Island Gold Project, Red Lake, Ontario, Canada: Cypress Development Corp has an 100% interest in the McKenzie Island gold property, located in the heart of the Red Lake Mining District of Northwestern Ontario. The 4,720 acres, are located adjacent to the west of Goldcorp's Gold Eagle Mines world-class Bruce Channel discovery, west of Goldcorp's / Premier Gold's Rahill-Bonanza project, and 5 miles due west of Goldcorp's operating Red Lake and Campbell gold mines.
Gunman Zinc-Silver Project, White Pine County, Nevada, U.S.A.: Cypress holds a 100% interest in the approximately 2300 acre Gunman Zinc-Silver Project located in White Pine County, northeast of Eureka, Nevada. Four RC drill programs totaling approx. 41,000 feet have been completed by Cypress on the Gunman project with significant grades between 5% to 33% per ton zinc and 0.5 to 15.0 oz per ton silver over considerable widths encountered. Zinc could represent the next big base metal play due to ongoing demand growth and the closures of 3 major mines in Canada, Australia and Ireland and not enough supply coming on stream from new projects. Sentiment could shift towards zinc, with prices potentially rallying in anticipation of tightening supplies.
Twenty-One Silver-Gold Project, Mineral County, Nevada, U.S.A.: The Twenty-One Silver-Gold Project is located approximately 100 miles southeast of Carson City, Nevada. Other mining districts in the area include Tonapah, Paradise Peak and Santa Fe, which have a combined production of approximately 4 million ounces of gold and 500 million ounces of silver. Chip sampling of exposed quartz breccia veins on the Twenty-One Silver-Gold property returned assay values from 211 g/t (6.5 ounces) silver to 1141 g/t (34.5 ounces) silver and up to 2 g/t gold.
South Voisey Bay Nickel Co. Ltd. (SVBN), Labrador, Canada: Cypress has vended all of its land holdings in Voisey's Bay, Labrador into a private mineral exploration company called "South Voisey Bay Nickel Co. Ltd." (SVBN). Five companies (including Donner Minerals, Cypress Development, NDT Ventures, Rcom Ventures and Curion) have each vended their mineral acreage into SVBN on a dollar spent per property share equity basis, totaling 1,000 square kilometres. Cypress is the 2nd largest shareholder of SVBN at (11.4%) with Donner Metals the largest shareholder at (76.5%).
Robert Marvin, P.Geo., CPG, Project Geologist for Cypress Development is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field exploration and the preparation of the technical information on this website.
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